WHAT IS INSURANCE?


Sharing the costs of the risk of incurring losses, whether for health expenses or property and casualty losses, across a base large enough to protect any one entity against the actual costs of an incurred loss. The costs of spreading the risk are assumed to be less than the costs of an actual loss. The insured group or insurance company is at financial risk for assuming the guarantee against loss for the specific instance

Protection from certain losses in the future in exchange for periodic payments. You can buy insurance that will pay you specific amounts in case of death, injury, accident, or other damage.



                  TYPE OF INSURANCE


Auto insurance
Business insurance
Disability insurance
Health insurance
Homeowners' / tenants' insurance
Life insurance
Travel insurance
Other insurance